Home 2019 February 12

Daily Archives: February 12, 2019 | 10:15 pm

rice farmers

Ex-technocrats push Duterte to sign rice tariffication bill

THE Foundation for Economic Freedom (FEF) urged President Rodrigo R. Duterte to sign the rice tariffication bill to help resolve various issues afflicting the rice industry, including smuggling, uncompetitive production costs, and corruption.

Singapore delegation inspecting PHL farms

SINGAPORE’s Agriculture and Veterinary Agency (AVA) has begun its 10-day on-site inspection of farms in the Philippines which it might tap to supply the small island republic with vegetables, fruit, hogs, poultry and eggs, agriculture officials said.
Gil S. Beltran

DoF expects improved performance in 2020 economic freedom index

THE Department of Finance (DOF) said it expects the country’s Index of Economic Freedom (IEF) performance to improve next year with the implementation of fiscal reforms elevating the Philippine score in various sub-indices.
sugar wet market

Sugar industry lobbying for revival of Philsucor

THE sugar industry is batting for the revival of the Philippine Sugar Corp. (Philsucor), a government company abolished by President Rodrigo R. Duterte last year.
power lines electricity

National minigrid franchise could conflict with RE law — NREB

THE National Renewable Energy Board (NREB) said granting a franchise to a single entity to build and operate minigrid systems nationwide could result in possible conflict with the provisions of the Renewable Energy Act of 2008.
Metro Pacific Tollways Corp. (MPTC) logo

Government to divest from Metro Pacific tollways unit

THE government is divesting its stake in a tollway subsidiaries of Metro Pacific Investments Corp. (MPIC), disposing of the shares in an auction next month.
students education

Dedicated agency proposed to upgrade educational qualifications

THE Government-Academe-Industry Network (GAIN) is backing the establishment of an agency that will oversee national educational qualifications and bring them up to par with international standards.
linemen Meralco

Meralco to launch power service in two islands in Batangas, Quezon

MANILA Electric Co. (Meralco) is set to distribute electricity to two islands in Quezon and Batangas, within its franchise area less than a year after the Department of Energy (DoE) called out the country’s biggest distribution utility for failing to energize these areas.
Charting a course for our shared future

Charting a course for our shared future

HOW do we ensure that our friendship, partnership, and alliance, forged over the past century, evolve to meet our needs a century from now? Last week, the US Embassy brought together top US, Filipino, and regional experts to ask this very question.
All hands on deck for voter education

All hands on deck for voter education

The late controversial politician Ernie Maceda seems to have been right. Any publicity, favorable or unfavorable is good for politicians. The list of leading senatorial candidates in the latest polls affirms this sad reality. Several notorious candidates are ahead of the “good guys.” Ex-detainees on plunder charges Jinggoy Estrada and Bong Revilla are in the likely to win top 12. So, it seems, will Bato dela Rosa of the drug suspect killing sprees. Meanwhile, serious legislators like Bam Aquino and even JV Ejercito are barely making it And Erin Tañada and Gary Alejano are dangling down there. Even Lito Lapid who, last I heard, had not passed a single legislation in all his forgettable senate days is up there among the topnotchers.

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On running for senator

How does one win in a senatorial election where 63 candidates are fighting over 12 seats? The advertising geniuses at the watering holes in Makati insist that name recognition is vital. But the harsh reality may be that money, which is also known as “the root of all evil,” is the foundation of Philippine elections. No money. No votes.

Democratizing the electoral contest

In both colonial and post-colonial periods, political contestation in Philippine society has always been dynamic, in which elites and the masses engage in a particular exercise called elections.

Who is the ‘real’ owner?

In an effort to increase transparency in the beneficial ownership and control of domestic corporations -- and to prevent their misuse for money laundering, organized crime and terrorists financing purposes, the Securities and Exchange Commission (“SEC”), pursuant to its mandate to assist in the implementation of the Anti-Money Laundering Act (“AMLA”), issued Memorandum Circular No. 17, Series of 2018 (“MC No. 17”) on Nov. 27, 2018 which essentially changed the form of the General Information Sheet (“GIS”) to be regularly submitted to the SEC. Effective March 1, 2019, the SEC will only accept the new GIS form, which now includes information on the beneficial owners of shares in the corporations, among others. Under MC No. 17, any failure by a corporation to submit the GIS under the required form shall be considered non-filing thereof. Accordingly, all Philippine domestic corporations, whether stock or nonstock, will soon need to disclose their beneficial owners.
Alaska Aces

Aces, E-Painters seek to keep winning form

VICTORIOUS heading into PBA Philippine Cup action today at the Mall of Asia Arena, the Alaska Aces and Rain or Shine Elasto Painters try to keep their winning form before the league takes a two-week break.
Globe Telecom and Mineski

Globe Telecom furthers games, Esports program with pro team

IN LINE with its push to do its share in the development of the growing Esports scene in the country, Globe Telecom stepped things up by assembling a professional Esports team.
Chooks-to-Go Pilipinas 3x3

Chooks 3×3 teams show unity during Vigan-hosted gathering

FIVE DAYS before the first leg of the Chooks-to-Go Pilipinas 3x3 President’s Cup opens its doors, all 12 pioneering teams joined hands to celebrate the staging of the first-of-the-kind league.
Paul George and Russell Westbrook

George (47), Westbrook (10th straight triple-double) propel Thunder

LOS ANGELES -- Paul George had a 47-point triple-double, and Russell Westbrook set an NBA record for consecutive triple-doubles as the Oklahoma City Thunder beat the visiting Portland Trail Blazers 120-111 on Monday night.

MPBL Datu Cup: San Juan Knights keep 4th spot; Caloocan Supremos stay alive

SAN JUAN and Caloocan pulled off contrasting wins in the MPBL Datu Cup and fortified their aspirations ahead of the playoff round.

Standout trades

The recent player trade stretch in the National Basketball Association proved to be an active one with reports putting it at 57 players changing uniforms by the deadline on Feb. 8 (Manila time). The number beat out significantly the 35 from last year and the previous high of 53 players in 2015.

George leads Thunder

When Paul George opted to stay with the Thunder in the offseason, not a few quarters found cause to shake their heads. It wasn’t simply because he backed out of a plan to move to the hometown Lakers at the earliest possible opportunity. More importantly, it was because his decision meant he would continue his far-from-perfect partnership with far-from-perfect Russell Westbrook. He had just come off a campaign in which the Thunder failed to advance past the first round, with the Jazz, headlined by a rookie, showing in no uncertain terms their propensity to underwhelm when the going got tough.
Toyota RAV4 1

Comebacking old guard:All-new Toyota RAV4 to target ‘niche’ market

TOYOTA Motor Philippines (TMP) continues to beef up its portfolio of sport-utility vehicles with the introduction of the all-new Toyota RAV4. Unveiled at the Bonifacio High Street Amphitheater in Taguig City on Feb. 8, the fifth generation of the compact SUV first seen in 1994 comes at a time when the global appetite for the ute continues to drive sales (one in every three vehicles sold worldwide is an SUV).
Suzuki Ertiga 1

New Suzuki Ertiga turns up the (cargo) volume

JUST a week after the Jan. 23 introduction of the second-generation Suzuki Ertiga compact MPV, Suzuki Philippines, Inc. mounted a ride-and-drive activity using the new model.
Audi RS 4 Avant 1

Audi’s fast wagon RS 4 Avant now sold in PHL

IT made its world debut in September 2017 as a 2018 model, and now, this fourth version of the Audi RS 4 Avant is available in the Philippines. Avant is Audi-speak for its wagon variants while RS designates the high-performance renditions of Audi models. The RS 4 identifies the model generations of the Audi A4 -- including a sedan and a cabriolet -- which were given the high-performance treatment.
peso bills

Peso recovers against dollar on ‘slightly better’ trade data

THE PESO recovered against the dollar on Tuesday following the resumption of trade talks between the United States and China as well as the country’s “slightly better” December trade data.
PSE bells

Bourse falls further towards 8,000 on profit taking

THE BOURSE ended lower for the third straight trading day on Tuesday, falling below the 8,000 mark for the first time in seven sessions before clawing back just above that line as investors went on another round of profit taking, opting for second-liners instead of blue chips.

Senatorial candidates kick off election campaign

SENATORIAL candidates under Davao City Mayor Sara Duterte-Carpio’s Hugpong ng Pagbabago (HNP) kicked off their election campaign in Pampanga on Tuesday, while the opposition Liberal Party’s eight candidates under the Otso Diretso banner began their stumping in Caloocan City, a hotspot in President Rodrigo R. Duterte’s drug war.

Abu Sayyaf suspect arrested in Manila

AN ABU SAYYAF Group (ASG) member wanted for kidnapping and illegal detention was arrested by the police on Sunday morning at Ermita, Manila.

Jee Ick-Joo murder witness ordered freed

A PAMPANGA COURT granted a petition of a police officer who is a state witness in the October 2016 kidnap and murder of South Korean businessman Jee Ick-joo to be released from the restrictive custody of the Philippine National Police (PNP) Anti-Kidnapping Group.

Palace reviewing legality of 2 firms’ deal in passport production

MALACAÑANG ON Tuesday said it is currently reviewing the legality of the joint venture agreement between APO Production Unit, Inc. (APUI) and United Graphic Expression Corporation (UGEC) on passport production.

Assault charge, deportation recommended vs Chinese who threw taho at cop

THE MANDALUYONG City Prosecutor’s Office has recommended the filing of a direct assault charge against a 23-year old Chinese national who threw a soy bean curd drink (taho) to a police officer last Feb. 9.

P90 million worth of shabu

The Bureau of Customs–Port of NAIA (Ninoy Aquino International Airport) turn over on Feb. 12 to the Philippine Drug Enforcement Agency (PDEA) a shipment of the illegal substance shabu estimated to be worth P90 million.

Kennon Road to be opened for light vehicles going up to Baguio City

KENNON ROAD, which has been under rehabilitation and repairs, will be temporarily opened on Feb. 14-18 and Feb. 22-March 4, but only for lights vehicles and just for the direction going up to Baguio City, the Department of Public Works and Highways (DPWH) announced yesterday.

2 indicted in Trece Martires VM’s murder

THE DEPARTMENT of Justice (DoJ) indicted two individuals, including the alleged gunman, in the slay of Trece Martires Vice Mayor Alexander Lubigan, according to DoJ spokesperson and Undersecretary Markk L. Perete.

Another Abu Sayyaf member surrenders in Sulu

A MEMBER of the Abu Sayyaf, described by the military as a follower of the militant group’s top leader Radulan Sahiron, surrendered and turned over his weapon on Feb. 10, the Western Mindanao Command (WestMinCom) reported on Tuesday.

Final tally on plebiscite for new Bangsamoro areas postponed anew

THE NATIONAL Plebiscite Board of Canvassers (NPBOC) postponed yet again its session in the final tabulation and proclamation of results on the Feb. 6...

Construction of controversial P1.3B Cebu Capitol Resource Center set to start

CEBU GOVERNOR Hilario P. Davide III has confirmed that the controversial 20-story Capitol Resource Center, which would cost the provincial government nearly P1.3 billion, will break ground on Feb. 18.

Nation at a Glance — (02/13/19)

News stories from across the nation. Visit www.bworldonline.com (section: The Nation) to read more national and regional news from the Philippines.

December external trade in goods weakest in three years as exports, imports contract

Trade activity in December marked its weakest in three years, as exports and imports both declined. Preliminary results from the Philippine Statistics Authority showed merchandise...
assembly line car factory

Nov. FDI net inflow down for 4th month

FOREIGN DIRECT INVESTMENT (FDI) net inflow into the country slid for the fourth straight month in November, the central bank reported on Monday, bringing 2018’s running tally lower than a year ago.
Ilocos windmill windfarm

BoI investment pledges nearly double in January

THE BOARD of Investments (BoI) -- the government’s lead investment promotion agency -- kick-started 2019 with nearly double January 2018’s approved committed investments in terms of value, as it targets these pledges to pierce the trillion-peso mark this year.
electricians Sarangani

Philippines’ talent edge slips in index

THE PHILIPPINES led lower-middle-income economies in a 2019 talent competitiveness survey, in which the country nevertheless posted a lower score and rank compared to the previous year.

How competitive is the Philippines in acquiring, growing and retaining talent?

THE PHILIPPINES led lower-middle-income economies in a 2019 talent competitiveness survey, in which the country nevertheless posted a lower score and rank compared to...
Bontoc Road Baguio infrastructure

Malacañang tells agencies to ensure prompt infrastructure completion

MALACAÑANG has ordered all state agencies and offices “to ensure timely completion of government infrastructure projects,” with President Rodrigo R. Duterte’s spokesman citing his “frustration” with red tape and cumbersome processes that have caused “delays in the implementation of projects.”

FDCP unveils plans for box-office tracking system, film archives

THE Film Development Council of the Philippines (FDCP) has unveiled plans to create an online box office tracking system in order to “take the guesswork out of box office grosses,” according to the council’s chief executive.

SM Prime profit jumps 17% in 2018

SM Prime Holdings, Inc. increased its net income by 17% in 2018, driven by the growth of its shopping mall and residential property units.